Is the newcomer more aggressive when the incumbent is granted a Right-of-First-Refusal in a procurement auction? Experimental Evidence
Author
Abstract
Suggested Citation
DOI: 10.1007/s11238-014-9438-z
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Arozamena, Leandro & Weinschelbaum, Federico, 2009.
"The effect of corruption on bidding behavior in first-price auctions,"
European Economic Review, Elsevier, vol. 53(6), pages 645-657, August.
- Federico Weinschelbaum & Leandro Arozamena, 2004. "The Effect of Corruption on Bidding Behavior in First-Price Auctions," Econometric Society 2004 Latin American Meetings 180, Econometric Society.
- Federico Weinschelbaum & Leandro Arozamena, 2005. "The Effect of Corruption on Bidding Behavior in First-Price Auctions," Working Papers 82, Universidad de San Andres, Departamento de Economia, revised Aug 2005.
- Roman M. Sheremeta, 2011.
"Contest Design: An Experimental Investigation,"
Economic Inquiry, Western Economic Association International, vol. 49(2), pages 573-590, April.
- Sheremeta, Roman, 2009. "Contest Design: An Experimental Investigation," MPRA Paper 52101, University Library of Munich, Germany.
- Roman M. Sheremeta, 2009. "Contest Design: An Experimental Investigation," Working Papers 09-05, Chapman University, Economic Science Institute.
- Lee, Joon-Suk, 2008. "Favoritism in asymmetric procurement auctions," International Journal of Industrial Organization, Elsevier, vol. 26(6), pages 1407-1424, November.
- Charles A. Holt & Susan K. Laury, 2002. "Risk Aversion and Incentive Effects," American Economic Review, American Economic Association, vol. 92(5), pages 1644-1655, December.
- Roberto Burguet & Martin K. Perry, 2009.
"Preferred suppliers in auction markets,"
RAND Journal of Economics, RAND Corporation, vol. 40(2), pages 283-295, June.
- Roberto Burguet & Martin K. Perry, 2008. "Preferred Suppliers in Auction Markets," Working Papers 355, Barcelona School of Economics.
- Roberto Burguet & Martin K. Perry, 2008. "Preferred Suppliers in Auction Markets," UFAE and IAE Working Papers 752.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Hayley H. Chouinard, 2005. "Auctions with and without the Right of First Refusal and National Park Service Concession Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(4), pages 1083-1088.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lars Isenhardt & Stefan Seifert & Silke Hüttel, 2023. "Tenant Favoritism and Right of First Refusals in Farmland Auctions: Competition and Price Effects," Land Economics, University of Wisconsin Press, vol. 99(2), pages 302-324.
- Sylvain Béal & Sylvain Ferrières & Philippe Solal, 2022.
"The priority value for cooperative games with a priority structure,"
International Journal of Game Theory, Springer;Game Theory Society, vol. 51(2), pages 431-450, June.
- Sylvain Béal & Sylvain Ferrières & Philippe Solal, 2020. "The Priority Value for Cooperative Games with a Priority Structure," Working Papers hal-04252076, HAL.
- Sylvain Béal & Sylvain Ferrières & Philippe Solal, 2020. "The Priority Value for Cooperative Games with a Priority Structure," Working Papers 2020-02, CRESE.
- Sylvain Béal & Sylvain Ferrières & Philippe Solal, 2021. "The priority value for cooperative games with a priority structure," Post-Print hal-03422935, HAL.
- Isenhardt, Lars & Seifert, Stefan & Huettel, Silke, 2021.
"On the price effect of a right-of-first-refusal in farmland auctions,"
95th Annual Conference, March 29-30, 2021, Warwick, UK (Hybrid)
312053, Agricultural Economics Society - AES.
- Isenhardt, Lars & Seifert, Stefan & Hüttel, Silke, 2021. "On the price effect of a right of first refusal in farmland auctions," 61st Annual Conference, Berlin, Germany, September 22-24, 2021 317062, German Association of Agricultural Economists (GEWISOLA).
- Christoph March, 2019.
"The Behavioral Economics of Artificial Intelligence: Lessons from Experiments with Computer Players,"
CESifo Working Paper Series
7926, CESifo.
- March, Christoph, 2019. "The behavioral economics of artificial intelligence: Lessons from experiments with computer players," BERG Working Paper Series 154, Bamberg University, Bamberg Economic Research Group.
- March, Christoph, 2021. "Strategic interactions between humans and artificial intelligence: Lessons from experiments with computer players," Journal of Economic Psychology, Elsevier, vol. 87(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Karine Brisset & François Cochard & François Maréchal, 2012. "The Value of a Right of First Refusal Clause in a Procurement First-Price Auction," Working Papers 2012-03, CRESE.
- Huang, He & Li, Zhipeng, 2015. "Procurement auctions with ex-ante endogenous bribery," Economic Modelling, Elsevier, vol. 47(C), pages 111-117.
- Subhasish Chowdhury & Dan Kovenock & Roman Sheremeta, 2013.
"An experimental investigation of Colonel Blotto games,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(3), pages 833-861, April.
- Chowdhury, Subhasish M. & Kovenock, Dan & Sheremeta, Roman M., 2009. "An experimental investigation of Colonel Blotto games [Eine experimentelle Untersuchung von „Colonel Blotto“-Spielen]," Discussion Papers, Research Unit: Market Processes and Governance SP II 2009-08, WZB Berlin Social Science Center.
- Subhasish M. Chowdhury & Dan Kovenock J. & Roman M. Sheremeta, 2009. "An Experimental Investigation of Colonel Blotto Games," CESifo Working Paper Series 2688, CESifo.
- Chowdhury, Subhasish & Kovenock, Dan & Sheremeta, Roman, 2011. "An Experimental Investigation of Colonel Blotto Games," MPRA Paper 46810, University Library of Munich, Germany.
- Boosey, Luke & Brookins, Philip & Ryvkin, Dmitry, 2017.
"Contests with group size uncertainty: Experimental evidence,"
Games and Economic Behavior, Elsevier, vol. 105(C), pages 212-229.
- Luke Boosey & Philip Brookins & Dmitry Ryvkin, 2016. "Contests with group size uncertainty: Experimental evidence," Working Papers wp2016_07_01, Department of Economics, Florida State University.
- Brisset, Karine & Cochard, François & Le Gallo, Julie, 2015.
"Secret versus public reserve price in an “outcry” English procurement auction: Experimental results,"
International Journal of Production Economics, Elsevier, vol. 169(C), pages 285-298.
- Julie Le Gallo & Karine Brisset & Francois Cochard, 2015. "Secret versus public reserve price in an “outcry” English procurement auction: Experimental results," Post-Print hal-03282276, HAL.
- Llorente-Saguer, Aniol & Sheremeta, Roman M. & Szech, Nora, 2023.
"Designing contests between heterogeneous contestants: An experimental study of tie-breaks and bid-caps in all-pay auctions,"
European Economic Review, Elsevier, vol. 154(C).
- Llorente-Saguer, Aniol & Sheremeta, Roman & Szech, Nora, 2016. "Designing Contests Between Heterogeneous Contestants: An Experimental Study of Tie-Breaks and Bid-Caps in All-Pay Auctions," MPRA Paper 71202, University Library of Munich, Germany.
- Llorente-Saguer, Aniol & Sheremeta, Roman M. & Szech, Nora, 2016. "Designing contests between heterogeneous contestants: An experimental study of tie-breaks and bid-caps in all-pay auctions," Working Paper Series in Economics 88, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
- Aniol Llorente-Saguer & Roman M. Sheremeta & Nora Szech, 2016. "Designing Contests Between Heterogeneous Contestants: An Experimental Study of Tie-Breaks and Bid-Caps in All-Pay Auctions," CESifo Working Paper Series 5955, CESifo.
- Aniol Llorente-Saguer & Roman M. Sheremeta & Nora Szech, 2016. "Designing Contests Between Heterogeneous Contestants: An Experimental Study of Tie-Breaks and Bid-Caps in All-Pay Auctions," Working Papers 796, Queen Mary University of London, School of Economics and Finance.
- Aniol Llorente-Saguer & Roman M. Sheremeta & Nora Szech, 2016. "Designing Contests Between Heterogeneous Contestants: An Experimental Study of Tie-Breaks and Bid-Caps in All-Pay Auctions," Working Papers 16-09, Chapman University, Economic Science Institute.
- Llorente-Saguer, Aniol & Sheremeta, Roman M. & Szech, Nora, 2016. "Designing contests between heterogeneous contestants: An experimental study of tie-breaks and bid-caps in all-pay auctions," Discussion Papers, Research Unit: Economics of Change SP II 2016-307, WZB Berlin Social Science Center.
- Llorente-Saguer, Aniol & Sheremeta, Roman & Szech, Nora, 2020. "Designing Contests Between Heterogeneous Contestants: An Experimental Studie of Tie-Breaks and Bid-Caps in All-Pay Auctions," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224585, Verein für Socialpolitik / German Economic Association.
- Lauber, Arne & March, Christoph & Sahm, Marco, 2023.
"Optimal and fair prizing in sequential round-robin tournaments: Experimental evidence,"
Games and Economic Behavior, Elsevier, vol. 141(C), pages 30-51.
- Arne Lauber & Christoph March & Marco Sahm, 2022. "Optimal and Fair Prizing in Sequential Round-Robin Tournaments: Experimental Evidence," CESifo Working Paper Series 9651, CESifo.
- Lauber, Arne & March, Christoph & Sahm, Marco, 2022. "Optimal and fair prizing in sequential round-robin tournaments: Experimental evidence," BERG Working Paper Series 176, Bamberg University, Bamberg Economic Research Group.
- Leandro Arozamena & Nicholas Shunda & Federico Weinschelbaum, 2014.
"Optimal nondiscriminatory auctions with favoritism,"
Economics Bulletin, AccessEcon, vol. 34(1), pages 252-262.
- Leandro Arozamena & Nicholas Shunda & Federico Weinschelbaum, 2012. "Optimal nondiscriminatory auctions with favoritism," Department of Economics Working Papers 2012-03, Universidad Torcuato Di Tella.
- Federico Weinschelbaum & Leandro Arozamena & Nicolas Shunda, 2012. "Optimal nondiscriminatory auctions with favoritism," Working Papers 110, Universidad de San Andres, Departamento de Economia, revised Mar 2012.
- Brookins, Philip & Lightle, John P. & Ryvkin, Dmitry, 2015.
"An experimental study of sorting in group contests,"
Labour Economics, Elsevier, vol. 35(C), pages 16-25.
- Philip Brookins & John Lightle & Dmitry Ryvkin, 2014. "An experimental study of sorting in group contests," Working Papers wp2014_01_01, Department of Economics, Florida State University.
- Curtis R. Price & Roman M. Sheremeta, 2015.
"Endowment Origin, Demographic Effects, and Individual Preferences in Contests,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(3), pages 597-619, September.
- Curtis R. Price & Roman M. Sheremeta, 2012. "Endowment Origin, Demographic Effects and Individual Preferences in Contests," Working Papers 12-07, Chapman University, Economic Science Institute.
- Simon, Curtis J. & Sheremeta, Roman, 2015. "Endowment Origin, Demographic Effects and Individual Preferences in Contests," MPRA Paper 67519, University Library of Munich, Germany.
- Subhashish Modak Chowdhury & Roman M. Sheremeta, 2009.
"The equivalence of contests,"
Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS)
09-06, School of Economics, University of East Anglia, Norwich, UK..
- Subhasish M. Chowdhury & Roman M. Sheremeta, 2010. "The Equivalence of Contests," Working Papers 10-07, Chapman University, Economic Science Institute.
- Subhasish Modak Chowdhury & Roman M Sheremeta, 2010. "The Equivalence of Contests," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2010-05, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Blake A. Allison & Jason J. Lepore & Aric P. Shafran, 2021. "Prize Scarcity And Overdissipation In All‐Pay Auctions," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 361-374, January.
- March, Christoph & Sahm, Marco, 2018.
"Contests as selection mechanisms: The impact of risk aversion,"
Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 114-131.
- March, Christoph & Sahm, Marco, 2017. "Contests as selection mechanisms: The impact of risk aversion," BERG Working Paper Series 127, Bamberg University, Bamberg Economic Research Group.
- Christoph March & Marco Sahm, 2017. "Contests as Selection Mechanisms: The Impact of Risk Aversion," CESifo Working Paper Series 6587, CESifo.
- Cason, Timothy N. & Masters, William A. & Sheremeta, Roman M., 2020.
"Winner-take-all and proportional-prize contests: Theory and experimental results,"
Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 314-327.
- Roman M. Sheremeta & William A. Masters & Timothy N. Cason, 2012. "Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results," Working Papers 12-04, Chapman University, Economic Science Institute.
- Cason, Timothy & Masters, William & Sheremeta, Roman, 2018. "Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results," MPRA Paper 84246, University Library of Munich, Germany.
- Barbosa, Klenio & Boyer, Pierre C., 2021.
"Discrimination in Dynamic Procurement Design with Learning-by-doing,"
International Journal of Industrial Organization, Elsevier, vol. 77(C).
- Klenio Barbosa & Pierre C. Boyer, 2012. "Discrimination in Dynamic Procurement Design with Learning-by-doing," CESifo Working Paper Series 3947, CESifo.
- Klenio Barbosa & Pierre Boyer, 2016. "Discrimination in Dynamic Procurement Design with Learning-by-doing," Working Papers 2016-37, Center for Research in Economics and Statistics.
- Helene Mass & Nicolas Fugger & Vitali Gretschko & Achim Wambach, 2020.
"Imitation Perfection—A Simple Rule to Prevent Discrimination in Procurement,"
American Economic Journal: Microeconomics, American Economic Association, vol. 12(3), pages 189-245, August.
- Mass, Helene & Fugger, Nicolas & Gretschko, Vitali & Wambach, Achim, 2017. "Imitation perfection: A simple rule to prevent discrimination in procurement," ZEW Discussion Papers 17-058, ZEW - Leibniz Centre for European Economic Research.
- Nicolas Fugger & Vitali Gretschko & Helene Mass & Achim Wambach, 2020. "Imitation Perfection - A Simple Rule to Prevent Discrimination in Procurement," CRC TR 224 Discussion Paper Series crctr224_2020_225v2, University of Bonn and University of Mannheim, Germany.
- Mass, Helene & Fugger, Nicolas & Gretschko, Vitali & Wambach, Achim, 2017. "Imitation perfection - a simple rule to prevent discrimination in procurement," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168217, Verein für Socialpolitik / German Economic Association.
- Stracke, Rudi & Höchtl, Wolfgang & Kerschbamer, Rudolf & Sunde, Uwe, 2014.
"Optimal prizes in dynamic elimination contests: Theory and experimental evidence,"
Journal of Economic Behavior & Organization, Elsevier, vol. 102(C), pages 43-58.
- Rudi Stracke & Wolfgang Höchtl & Rudolf Kerschbamer & Uwe Sunde, 2014. "Optimal prizes in dynamic elimination contests: Theory and experimental evidence," Working Papers 2014-08, Faculty of Economics and Statistics, Universität Innsbruck.
- Schmidt, Klaus M. & Fey, Lisa & Thoma, Carmen, 2017.
"Competition and incentives,"
European Economic Review, Elsevier, vol. 98(C), pages 111-125.
- Schmidt, Klaus & Fey, Lisa & Thoma, Carmen, 2017. "Competition and Incentives," Rationality and Competition Discussion Paper Series 31, CRC TRR 190 Rationality and Competition.
- Arozamena, Leandro & Weinschelbaum, Federico, 2011.
"On favoritism in auctions with entry,"
Economics Letters, Elsevier, vol. 110(3), pages 265-267, March.
- Leandro Arozamena & Federico Weinschelbaum, 2010. "On Favoritism in Auctions with Entry," Working Papers 103, Universidad de San Andres, Departamento de Economia, revised May 2010.
- Leandro Arozamena & Federico Weinschelbaum, 2010. "On favoritism in auctions with entry," Department of Economics Working Papers 2010-072, Universidad Torcuato Di Tella.
- Minbo Xu & Daniel Z. Li, 2019.
"Equilibrium competition, social welfare and corruption in procurement auctions,"
Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 53(3), pages 443-465, October.
- Daniel Z. Li & Minbo Xu, 2017. "Equilibrium Competition, Social Welfare and Corruption in Procurement Auctions," Department of Economics Working Papers 2017_04, Durham University, Department of Economics.
More about this item
Keywords
Experimental procurement auction; Right-of-First-Refusal; First-price reverse auction; Risk-aversion; D44; C92; D81;All these keywords.
JEL classification:
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:theord:v:78:y:2015:i:4:p:639-665. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.